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US Copper Scrap, Discounts Hold Steady Despite COMEX Collapse
The US copper scrap market remained substantially blocked in the week ended Wednesday June 24, with prices and discounts unchanged despite the sharp decline in the COMEX copper contract for July delivery. The most relevant point is precisely this: the volatility of...
Green Steel In Europe, The Transition Advances But Permits And Grids Remain The Real Bottleneck
Europe’s green steel sector continues to move from a phase of industrial ambition to a more concrete phase of delivery, supported by project developers, policymakers and investors increasingly aligned around a long-term vision. The message that emerged at the...
Ferro-Chrome In China, Tsingshan And Tisco Cut July Tenders After Chrome Ore Decline
The Chinese ferro-chrome market enters July with a bearish signal coming from the main stainless steel producers. Tsingshan, one of the largest Chinese steel groups active in stainless steel, reduced by 200 yuan per tonne the tender price for high-carbon ferro-chrome...
Seaborne Iron Ore Falls, Qingdao Drops To $97 Amid Weak Demand And Ample Supply
Seaborne iron ore prices continued to weaken on Tuesday June 23, in a market weighed down by fragile sentiment, abundant supply and seasonally weak steel consumption in China. The move brought Commodity Evolution’s daily index for 61% Fe iron ore fines, CFR Qingdao,...